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Lease Addendum
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02. February
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2025-02-18 10:00 AM - Commissioners' Agenda
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Lease Addendum
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Last modified
2/20/2025 1:44:16 PM
Creation date
2/20/2025 1:44:08 PM
Metadata
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Template:
Meeting
Date
2/18/2025
Meeting title
Commissioners' Agenda
Location
Commissioners' Auditorium
Address
205 West 5th Room 109 - Ellensburg
Meeting type
Regular
Meeting document type
Fully Executed Version
Supplemental fields
Item
Request to Approve an Amendment to a Lease with Emory LLC for Airport Property within the Industrial Area at Bowers Field
Order
12
Placement
Consent Agenda
Row ID
127511
Type
Resolution
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KITTI{ )UNTY AIRPORT <br />DEPARrt,,cNT OF PUBLIC WORKS <br />AMENDMENT TO LEASE <br />THIS AMENDMENT TO LEASE is made and dated this Wa"v of <br />2013, by and between Kittitas County, a municipal corporation in the State <br />of Washington, hereinafter referred to as the LESSOR, and EMORY L.L.C., and hereinafter <br />referred to as the LESSEE. <br />WITNESSETH: <br />WHEREAS, LESSOR and LESSEE entered into a Lease on September 1, 2008, a copy of <br />which is attached hereto and by this reference incorporated herein; and <br />WHEREAS, according to Paragraph 3 "Adjustment of Rental", it states " the rental rate <br />shall be re-adjusted and fixed by the Board of County Commissioners every five years as required <br />in RCW 36.34.180"; <br />WHEREAS, it has been agreed between LESSOR and LESSEE that the following CPt <br />lndex will be used for future rental increases. <br />"CPl - All Gities-All ltems Size Class D Under 50,000" <br />NOW, THEREFORE, lT lS HEREBY AGREED by and between the parties to a change in <br />rcntal rates and contract terms as follows: <br />1)"Paragraph #2 - Rent" - Rental Rates tor 9101113 thru 8/31/18 Term <br />Lot C-3 rate - 1.28 Acres - 55,756.80 sq. feet <br />Term <br />Previous Rate <br />Per Year ($.063 per <br />Sq Ft) <br />Rental Rate <br />($.oen per Sq Ft) <br />09ta1n2 - 08t31t13 $ 3,512.68 <br />09t01t13 - 08t31t14 $3,567.48 <br />09t01t14 - 08t31t15 $3,567.48 <br />09t01t15 - 08t31t16 $3,567.48 <br />09101t16 - 08t31t17 $3,567.48 <br />09101t17 - 08t31t18 $3,567.48 <br />09to1l18 Renegotiate <br />{ffi <br />Emory LLC <br />Lease Addendum PAGE,l
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